A look into Constellation Energy Corporation (CEG)’s deeper side

Constellation Energy Corporation (NASDAQ: CEG) stock fell -0.54% on Friday to $87.28 against a previous-day closing price of $87.75. With 2.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.56 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $90.09 whereas the lowest price it dropped to was $87.23. The 52-week range on CEG shows that it touched its highest point at $90.18 and its lowest point at $38.00 during that stretch. It currently has a 1-year price target of $87.60. With its current market cap of 28.94 billion, CEG has annualized dividend of $0.56 while the current yield stands at 0.65%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CEG was down-trending over the past week, with a drop of -0.87%, but this was up by 9.58% over a month. Three-month performance surged to 47.41% while six-month performance rose 70.67%. A look at the trailing 12-month EPS for CEG yields 1.94 with Next year EPS estimates of 4.61. For the next quarter, that number is 0.79. This implies an EPS growth rate of -134.70% for this year and 97.68% for next year.

Float and Shares Shorts:

At present, 327.00 million CEG shares are outstanding with a float of 326.07 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.14 million, which was 1.57% higher than short shares on Jun 14, 2022. In addition to Mr. Phillip S. Barnett as the firm’s CFO of PECO Energy Company, Sr. VP of PECO Energy Company and Treasurer of PECO Energy Company, Mr. Joseph Dominguez serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 80.93% of CEG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.38% of CEG, in contrast to 28.20% held by mutual funds. Shares owned by individuals account for 0.05%. As the largest shareholder in CEG with 11.59% of the stake, The Vanguard Group, Inc. holds 37,864,710 shares worth 37,864,710. A second-largest stockholder of CEG, Capital Research & Management Co, holds 23,009,504 shares, controlling over 7.04% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in CEG, holding 18,853,941 shares or 5.77% stake. With a 4.10% stake in CEG, the Washington Mutual Investors Fund is the largest stakeholder. A total of 13,414,825 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.97% of CEG stock, is the second-largest Mutual Fund holder. It holds 9,690,394 shares valued at 790.64 million. Vanguard 500 Index Fund holds 2.23% of the stake in CEG, owning 7,290,611 shares worth 594.84 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CEG since 16 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CEG analysts setting a high price target of $105.00 and a low target of $54.00, the average target price over the next 12 months is $87.60. Based on these targets, CEG could surge 20.3% to reach the target high and fall by -38.13% to reach the target low. Reaching the average price target will result in a growth of 0.37% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CEG will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of $4.38 being high and $2.17 being low. For CEG, this leads to a yearly average estimate of $2.98. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Constellation Energy Corporation surprised analysts by -$0.89 when it reported -$0.34 EPS against a consensus estimate of $0.55. The surprise factor in the prior quarter was -$0.34. Based on analyst estimates, the high estimate for the next quarter is $0.87 and the low estimate is $0.53. The average estimate for the next quarter is thus $0.73.

Dividends & Yield:

In terms of dividends, CEG has a current ratio of $0.56, which is $0.56 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and CEG currently yields $0.48. In the past year, CEG’s dividend yield has been $0.48.

Summary of Insider Activity:

Insiders traded CEG stock several times over the past three months with 9 Buys and 1 Sells. In these transactions, 38,497 shares were bought while 14,715 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 66,520 while 23,593 shares were sold.

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